Weekly Natural Gas Storage Survey
Previewing the Energy Information Administration's 4/18/13 report.
Each week, we poll 40 professional storage forecasts for our weekly Natural-Gas Storage Box Scores (as seen in each bi-weekly issue of Energy Metro Desk*). This is North America's biggest and most comprehensive natural-gas storage survey and report.
Energy Metro Desk editors forecast this week: +40 BcfAverage: +37.6 Bcf
Median: +38 Bcf
Range: +28 to +49 Bcf
Current Storage Level: 1,673Bcf
Surplus under/over 2012: 791 Bcf (32%)
Surplus under/over 5 Yr Avg: 71 Bcf (4%)
Nat Gas Storage TealeavesFrom the EIA:
We're not feeling it this week. Our Metro desk Consensus Average this week is a few Bcf higher than the rest of the big surveys by 3-4 Bcf and we think this number should easily be within 5 Bcf of the tape. Where the other big surveys are in the 33-35 Bcf neighborhood, we see the bias as trending up, closer to 40 Bcf. This week the standard deviation is extremely low, the range is just outside the 20 Bcf safety band, and weather last week had cast a profile similar to recent weeks (sort of). However, the range between the three categories we track is wider than the 3 Bcf band that we suggest points to a surprise nearly 80 percent of the time. This may be the oddball week....MORE
For week ending April 12, 2013. | Released: April 18, 2013 at 10:30 a.m. | Next Release: April 25, 2013
| Working gas in underground storage, lower 48 states Summary text CSV JSN | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Historical Comparisons | |||||||||||||||
| Stocks billion cubic feet (Bcf) |
Year ago (04/12/12) |
5-Year average (2008-2012) |
|||||||||||||
| Region | 04/12/13 | 04/05/13 | change | (Bcf) | % change | (Bcf) | % change | ||||||||
| East | 665 | 646 | 19 | 1,101 | -39.6 | 758 | -12.3 | ||||||||
| West | 336 | 337 | -1 | 357 | -5.9 | 269 | 24.9 | ||||||||
| Producing | 703 | 690 | 13 | 1,039 | -32.3 | 751 | -6.4 | ||||||||
| Salt | 179 | 168 | 11 | 259 | -30.9 | 140 | 27.9 | ||||||||
| Nonsalt | 524 | 522 | 2 | 781 | -32.9 | 611 | -14.2 | ||||||||
| Total | 1,704 | 1,673 | 31 | 2,498 | -31.8 | 1,778 | -4.2 | ||||||||
Summary
Working gas in storage was 1,704 Bcf as of Friday, April 12, 2013, according to EIA estimates. This represents a net increase of 31 Bcf from the previous week...MORE
The Futures are manic-depressive:
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